Element Fleet Management (TSE:EFN) PT Set at C$47.00 by Royal Bank Of Canada

Element Fleet Management (TSE:EFN) has been assigned a C$47.00 price target by stock analysts at Royal Bank Of Canada in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 36.79% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Jefferies Financial Group lifted their price objective on Element Fleet Management from C$41.00 to C$42.00 in a research report on Thursday, October 30th. National Bankshares lifted their price target on Element Fleet Management from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Raymond James Financial increased their price objective on Element Fleet Management from C$40.00 to C$41.00 in a report on Thursday, November 13th. Finally, Scotiabank raised their price objective on Element Fleet Management from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Element Fleet Management has a consensus rating of “Buy” and an average target price of C$42.00.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$34.36 on Monday. The firm has a market capitalization of C$13.74 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.97 and a beta of 0.33. The stock has a fifty day moving average of C$35.81 and a 200 day moving average of C$36.36. Element Fleet Management has a 52 week low of C$25.00 and a 52 week high of C$38.26. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$0.33 EPS for the quarter. The business had revenue of C$306.39 million during the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%. As a group, research analysts expect that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.